The Wall Street Journal reported that the Securities Exchange Commission (SEC) notified Standard and Poor’s Rating Services (S&P) that it could face an enforcement action for alleged securities fraud regarding six commercial real-estate securities deals in 2011. It was not immediately clear … [Read more...] about 7.23.14: Standard and Poor’s in Hot Water over CMBS Ratings
7.14.14: Out-of-Market SBA Lending on the Rise
American Banker recently reported that more community banks are offering Small Business Administration (SBA) loans far beyond their local markets, hoping that the income boost outweighs the long-term risk of lending in unfamiliar regions. Strong demand for SBA loans and a strong secondary market … [Read more...] about 7.14.14: Out-of-Market SBA Lending on the Rise
7.12.14: A ValueXpress Success Story
"I wanted to share with readers a recent experience that typifies our mission to help clients and why I come to work every day," said Michael D. Sneden, Executive Vice President at ValueXpress. ValueXpress recently received a loan request from one of its key intermediaries for a hotel loan in San … [Read more...] about 7.12.14: A ValueXpress Success Story
7.10.14: CMBS Conduit Loan Originations Explode on Lower Rates
“Commercial Mortgage Alert” recently reported that CMBS issuance dropped 8% in the first half of 2014 versus a year ago. The decline was blamed on competition from the community banking system, which is now hungry for commercial real estate loans after cleaning up its balance sheets after the … [Read more...] about 7.10.14: CMBS Conduit Loan Originations Explode on Lower Rates
7.1.14: Sizing Cheat Sheet for Non-Recourse Hotel Construction Loans
We recently had a conference call with our non-recourse construction lender who laid out a nifty concept to perform a "rough and dirty" loan sizing for hotel construction loans. ValueXpress will be converting these instructions into a simple model that can be found on our website. As a refresher, … [Read more...] about 7.1.14: Sizing Cheat Sheet for Non-Recourse Hotel Construction Loans
6.27.14: Super-Senior CMBS Spreads Continue to Decline
On June 19, Deutsche Bank and Cantor Fitzgerald priced the benchmark class of a $996.3-million multi-borrower CMBS conduit offering at the tightest spread in more than a year. The benchmark class of the Deutsche-Cantor deal priced at 78 basis points (bp) over swaps. That was 1 bp tighter than the … [Read more...] about 6.27.14: Super-Senior CMBS Spreads Continue to Decline
6.24.14: ValuXpress Finishes CMBS Marketing Material for CCTG Grads
ValuXpress has completed a new CMBS marketing flier for Commercial Capital Training Group (CCTG) graduates to use in conjunction with marketing materials developed for other lending programs. The flyer can be utilized as a “click-to” on grads’ websites. For example, if a grad’s home page lists five … [Read more...] about 6.24.14: ValuXpress Finishes CMBS Marketing Material for CCTG Grads
6.17.14: A Look at Empty Office Space in Northern/Central New Jersey
The Star-Ledger, New Jersey’s largest newspaper, recently published an article that examines the direction of office demand in Northern and Central New Jersey. It provides some takeaways for office demand trends in other suburban markets. Since office properties are a large component of CMBS loans, … [Read more...] about 6.17.14: A Look at Empty Office Space in Northern/Central New Jersey
6.13.14: ValueXpress to Offer Fixed-Fee CMBS Program
ValueXpress is putting the final touches on a fixed-fee CMBS conduit loan program for small-balance CMBS conduit loans with a banking partner. Applications are being accepted now and transactions are expected to close within 60 days. The program caps transaction costs at $25,000 and is available for … [Read more...] about 6.13.14: ValueXpress to Offer Fixed-Fee CMBS Program
6.12.14: Super-Senior CMBS Spreads Decline to 16-Month Low
The super-senior benchmark AAA-rated class of a multi-borrower CMBS conduit offering led by J.P. Morgan priced on June 12 at the tightest level since February 2013. The benchmark class priced at 79 basis points (bp) over swaps. The last time the CMBS market achieved that level was on February 5, … [Read more...] about 6.12.14: Super-Senior CMBS Spreads Decline to 16-Month Low
